Hero MotoCorp, TVS Motor Ltd and Bajaj Auto Ltd may outpace peers in terms of sales in April, said Nuvama. Among PV OEMs, this brokerage expects M&M to outpace Tata Motors and Maruti Suzuki India.
Bajaj Auto, Eicher Motors: CLSA said it has downgraded Bajaj Auto and Eicher Motors to 'Sell' from 'Underperform' falling the recent rally as valuations are pricing in double-digit volume growth over the next few years, which is unlikely.
Jefferies likes plays on power sector such as Coal India Ltd and JSW Energy; two-wheeler makers such as TVS Motor Ltd and Eicher Motors, telecom operator Bharti Airtel and capital goods firms namely Adani Ports and Kajaria Ceramics.
Hero Moto, TVS Motor: TVS Emkay said every rupee reduction in prices of petrol/diesel would lead to 0.9 per cent reduction in the monthly running cost of four wheelers and two-wheelers.
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